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20121204
20121204
Search Results 0 to 5 of about 6 (some duplicates have been removed)
washington. professor, good to have you back on this program. >> thank you for inviting me. tavis: i want to get into the book. let me start with the news of the day. everybody in washington is talking about the fiscal cliff. the so-called fiscal cliff. they're not talking to each other at the moment. that is what the conversation is going to get to, how do we avoid going over the so-called fiscal cliff? you suggested that the fiscal cliff might be good. i got a chance to go through your book. i understand, i think, why you might feel that way. the book argues that we need disorder to develop. we need disorder in our world to develop. we will come back to the book in a moment. based upon the motion -- that notion, why might the fiscal cliff be a good thing? >> we have been stuck for four years in a state of complacency. nobody wants to do anything about the accumulating problems. everybody knows about the problems. i think the civilization is masking deeper problems. if you let markets give you information, they will give the information. other than artificially prop up everything, like h
to the president about it. congresswoman kathy mcmorris rogers of washington state is the party's conference chair in the house. >> we're going to either succeed together or we're going to fail together. the president is calling for higher taxes as well as more spending. he's calling for another stimulus. at a time when we need tax reform. we need to be looking at... and the republicans have put forward tax reform that includes closing the loopholes, eliminating some of those tax credits, that will actually impact the wealthiest. >> reporter: some republicans said the boehner plan goes too far in taxing the well-off. south carolina senator jim demint, a staunch fiscal conservative, blasted the plan on twitter today. he said speaker boehner's offer of an $800 billion tax hike will destroy jobs and allow politicians in washington to spend even more. but the senate's democratic majority leader harry reid warned republicans against listening to such voices. >> you can't let these negotiations be dictated by the tea party. our guiding principle should be the views of the vast majority of the american p
everyone is warning about is to be avoided. >> if they got to agreement the way washington is too quickly, their own side would just kill 'em because they wouldn't think they had negotiated hard enough. you know, they've got to go through this exchange. this is no different than when, you know, you list your house, you know, you put up one price, somebody comes in with a lower price, you kind of reach a middle ground. the thing i'm sure of is that we got to end up with at least $4 trillion of deficit reduction. some of that's got to come from revenues. i guarantee you the white house isn't going to do a deal unless it has an increase in tax rates for part of that revenue. i'm assuming that the republicans are going to insist that there be more cuts on the health care entitlements than what's been put on the table to date. >> ifill: here's the difference between what we're seeing now and what happens when i put my house on the market. at the end of this year there will be consequences. it's unclear... in the past when these consequences or these deadlines have arisen they've just put them
washington. today, i want to make it absolutely clear to assad andd those -- and those under his command, the world is watching. the use of chemical weapons is an would be totally -- is and would be totally acceptable. if you make them tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> i discussed his strong words to syria's leaders with the bbc 's state department correspondent. while u.s. officials talking about serious chemical weapons -- wh yare -- why are u.s. officials talking about syria's chemical weapons now? >> officials have been quoted as saying they have seen activity, that these weapons are being moved around, possibly in preparation for their use. it is very difficult to read the assad government and find out exactly what they are doing. are they trying to protect them? are they trying to bluff? we have heard from certain officials saying they have no intention of using chemical weapons against their own people. of course, that leaves open the possibility that they might reserve the right to use them if they are attacked
are expected to shine a light on the controversial practice. sylvia hall, "n.b.r.," washington. >> susie: another major international bank could soon pay up to settle allegations of price-fixing on a key interest rate. swiss bank u.b.s. is expected to settle charges of rigging "libor-rates" as soon as next week with regulators in the u.s. and britain. u.b.s. is not the first bank to settle charges for manipulating the rate that affects everything from credit cards, to state governments. last summer barclays paid almost half a billion dollars. >> tom: the major stock indices were weighed down as u.s. factories reported less business last month. after starting out the session with a small rally, the s&p 500 fell into the red by mid-day. it finished down 0.5%. trading volume was light to begin a new month. 655 million shares on the big board. under 1.7 billion on the nasdaq. economically sensitive sectors saw the heaviest selling. the materials sector fell 1.8%. industrials were down 1.1%. and the utility sector shed 0.6% over worries about less power demand with less manufacturing. chemica
Search Results 0 to 5 of about 6 (some duplicates have been removed)